fibo group
Finmax
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Overview
fibo group was founded in 2019 and is headquartered in Cyprus, while Finmax was established in 2008 and is based in Bulgaria. fibo group holds licences including Financial Conduct Authority (FCA), while Finmax is regulated by Financial Services Authority (FSA) among others. fibo group serves 14,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $250 at fibo group and $0 at Finmax.
| Feature | fibo group | Finmax |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F226 | Financial Services Authority (FSA) |
| Founded | 2019 | 2008 |
| Country | Cyprus | Bulgaria |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fibo group and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fibo group). fibo group charges withdrawal fees while Finmax does not, a notable advantage for frequent withdrawers. Finmax applies inactivity fees on dormant accounts; fibo group does not. fibo group charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | fibo group | Finmax |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
fibo group offers MT4, MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fibo group supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | fibo group | Finmax |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fibo group and Finmax compare. fibo group runs regular live webinars; Finmax does not. fibo group has a video library; Finmax does not. fibo group publishes daily market commentary; Finmax does not. fibo group integrates third-party research tools (Trading Central); Finmax does not. fibo group maintains an archive of past webinars for on-demand viewing. fibo group scores higher overall in education and research.
| Feature | fibo group | Finmax |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fibo group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Finmax supports 2 (bank transfer, credit/debit card). fibo group uniquely supports PayPal and Skrill and Neteller among the two brokers. fibo group scores higher on deposit and withdrawal flexibility.
| Feature | fibo group | Finmax |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fibo group and Finmax offer live chat support. Both provide phone support. Email support is available at both brokers. fibo group supports 8 languages and Finmax supports 2, giving fibo group broader global reach. Both brokers are comparable on support quality.
| Feature | fibo group | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |